First
Half of the Week is crucial
Outlook
for the Week 22.01.2018 to 25.01.2018
NIFTY
: 10895 (+214)
Nifty
traded in a range of 10667 to 10907 during last week and closed
nearer to the High of the range for the week at 10895 with a Gain of
214 Points (about 2.00%). Market Gained about 214 points through out
the week only by losing 41 points on Tuesday. On Friday, market made
a new 52 week high on Friday and made a positive weekly close for the
7 th time in a row. Since Budget day is quite Close, Market would
factor in the possible outcomes in the market before Budget. Market
had goneup for 7 weeks in a row and next week First Half is important
and if the range of First week is broken on the upside, it could go
up.
-
It is quite Bullish for Both Medium Term and Long term too. However,
Short term would become Bearish if Nifty comes Down and closes
below10700 Weekly Open level is very important for the entire week.
-
20, 50, 100 and 200 DMAs are placed at 10604, 10412, 10249 and 9927
respectively and would act as Supports and Resistances.
-
Nifty continues to trade above the 200 DMA and also above the 50 DMA
and 50 DMA has come above 200 DMA (Golden Cross has come more than
about Eleven months ago) suggesting that the Long term outlook has
become Bullish and Nifty continues to trade above all the moving
averages and hence can be considered as Bullish.
Technical
Levels...
Breakout
level :11000 Breakdown level :10700
Bullish
above 10975 with Resistance at 11050, 11125
Bearish
below 10825 with Supports at 10750, 10675
Advice
for Traders...
Long positions may be considered as long as it maintains above the Weekly open level.
---------------------------------------
Planetary
Position...
-
Moon would be transiting from Uttarabhadra 1 st Pada in Pisces to
Bharani 2 nd Pada in Aries.
-
Sun transits from Uttarashadha 4 th Pada to Sravana 1 st Pada in
Capricorn.
-
Mercury transits from Poorvashadha 3 rd Pada in Sagittarius to
Poorvashadha 4 th Pada in Sagittarius.
-
Venus transits from Sravana 3 rd Pada to Sravana 4 th Pada in
Capicon.
-
Mars transits in Visakha 4 th Pada in Scorpio to Anuradha 1 st Pada
in Scopio .
-
Saturn transits from Moola 3 rd Pada to 4 th Pada in Sagittarius and
moves from Gemini Navamsa to Cancer Navamsa.
-
Jupiter transits in Visakha 2 nd Pada in Libra and moves in Taurus
Navamsa.
-
Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and
Cancer Navamsas.
During
the Last Week, Moon had transited in Dhanishta 3 rd Pada in Aquarius
and it would transit in Pisces till Tuesday this Week. When Moon
transited in Aquarius Nifty went up sharply from 10830 till 10907 and
it closed at 10895. After Tuesday, we would able to find the range
and if the range is broken on the upperside, it would be Bullish and
if it is broken on the down side, it would become Bearish.
---------------------------------------
Closing
Session Subdued (for Monday)
Tithi
:: Magha Sukla Panchami
Nakshatra
::Uttarabhadra
Persons
born in Bharani, Pubba and Poorvashadha and those born in Aries and
Leo are advised to be alert in their dealings.
Sensitive/Trend
change Timings : 1.23
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain So upto 10.00 AM and remain
Steady/Subdued thereafter till about Close of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades above ATP by about 9.30 AM, Long Positions can be
taken with suitable SL and such positions can be closed by about
10.00 AM. IF Nifty fut trades below ATP by about 1.30 PM , Short
Positions can be taken with suitable SL and such positions can be
closed by about 3.00 PM.
Technical
Levels...
Resistance
: 10935,10970 Support : 10855,10820------------------------------
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.
Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'
Trade only with stop loss..
Stay Disciplined for Successful Trading and Investing..
No comments:
Post a Comment